BMO Capital Boosts Google Cloud (GOOG) Outlook as Enterprise AI Adoption Hits Rapid Acceleration

Alphabet Inc. (NASDAQ:GOOG) is 1 of the best maturation stocks to bargain successful 2026. On December 16, BMO Capital raised the firm’s terms people connected Alphabet to $343 from $340, portion maintaining an Outperform standing connected the shares. BMO is leaning into a much bullish outlook for Google Cloud, citing Cloud Expert calls that suggest a accelerated acceleration successful endeavor AI adoption. Reflecting this momentum, BMO Capital adjusted its Google Cloud maturation targets upward for the coming quarters, peaking astatine 40% successful the archetypal 4th of the adjacent year.

On the aforesaid day, Papua New Guinea confirmed that Google had been selected to conception 3 caller undersea fiber-optic cables to modernize the nation’s integer infrastructure. The $120 cardinal task is being afloat funded by the Australian authorities nether the provisions of the Pukpuk Treaty, a landmark communal defence statement signed successful October 2025. This initiative, officially known arsenic the Pukpuk Connectivity Initiative, aims to nexus PNG’s bluish and confederate regions to make a high-capacity, resilient integer backbone for the Pacific nation.

Earlier connected December 11, Piper Sandler accrued its terms people for the institution to $365 from $330 with an Overweight rating. Despite a premium valuation, analysts stay bullish owed to the important gross contributions from Google’s AI-enhanced advertizing suite.

A time before, connected December 15, RBC Capital expert Brad Erickson maintained a Buy standing connected Alphabet with a terms people of $315.

Alphabet Inc. (NASDAQ:GOOG) offers assorted products and platforms successful the US, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates done Google Services, Google Cloud, and Other Bets segments.

While we admit the imaginable of GOOG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.